Tag: Retail

The annual retail inflation slightly eased in January to 5.07 per cent from the 17-month high hit in December, as food prices ebbed, data from the Ministry of Statistics showed on Monday. Based on Consumer price index (CPI), the inflation was at 5.21 per cent in December — a 17-month high, and 3.17 per cent in January last year. On the other hand, the growth of India’s factory production slowed in December to 7.1 per cent from a rise of 8.80 per cent in November and a 2.4 per cent…

India has replaced China as the numero uno retail destination in 2017 as part of the global retail development index, according to industry experts. “India has replaced China this year as the top retail destination as part of the study on global retail development index,” AT Kearney partner Subhendu Roy said on the concluding day of the two-day India Retail Forum 2017. The change in ranking was an outcome of four factors including increased consumer spending, beyond essentials, rising mobile and internet penetration, favourable foreign investment climate and bold action…

Chinese telephone maker Xiaomi Thursday said it isn’t seeking exemption from Indian Authorities to fulfil the 30 percentage neighborhood sourcing norm, as it already makes 75 percent of devices locally that are sold in India. “We’re production seventy five percent of devices that we promote in India regionally. From that attitude, we do not Want any sort of exemption. Our application remains beneath the purview of the Authorities. We probably might be able to know approximately it in a while and then proportion greater information,” Xiaomi India Head Manu Kumar…

chinese language electronics firm LeEco is hopeful of having FIPB approval in two-three months to release its own shops inside the usa, a top reputable stated Tuesday. “We applied for it (permission) about three weeks back. we’ve got had one meeting with the government after that, which has been very fantastic. So, we are hopeful that inside the next two-three months, we need to get it,” LeEco India smart Electronics commercial enterprise leader running Officer Atul Jain instructed PTI in Mumbai. last month, the telephone maker had filed an application…

The department today’s business coverage and promotion has sought more facts from the chinese cell tool maker Xiaomi to technique the software for beginning absolutely-owned single-emblem retail stores in India. “The DIPP wants a few more records from the enterprise as there are some gaps of their utility. after you have their reaction, the department will flow forward on that,” an respectable stated. The information is crucial as Xiaomi has sought complete exemption from the required 30 percent neighborhood sourcing norms. when contacted about the problem, the company said: “we’ve…

a central authority panel has encouraged exempting iPhone and iPad maker Apple from obligatory neighborhood sourcing norms, a move which could pave the manner for tech massive beginning unmarried-logo retail stores inside the united states. The company had given an in depth presentation to the committee headed by way of department state-of-the-art industrial coverage and promoting (DIPP) Secretary Ramesh Abhishek on April 19, on its products, generation, innovations and camera. “The committee has discovered that the organisation’s merchandise are cutting part era and 49a2d564f1275e1c4e633abc331547db. It has encouraged to exempt them…